Soros Invests $100 Million in Reliance Entertainment

Filed under Deals, George Soros - Soros Fund Management, Anil Ambani - Reliance Energy

February 8, 2008 12:42 pm

Billionaire investor George Soros bought a stake worth $100 million in Anil Ambani-controlled Reliance Entertainment Pvt. Soros bought a 3 percent stake in the privately owned company, Sharad Goel, spokesman for Reliance Entertainment, said in New Delhi today.The stake sale values Reliance Entertainment, which runs businesses including social networking and gaming Web sites, film production and distribution in the South Asian nation, at $3.33 billion

read the rest published by Bloomberg here:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=axB5Q8dBl82c

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Soros Invests $100 Million in Reliance Entertainment

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